NASDAQ$DORM

Dorman Products Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Dorman reported strong Q4 2024 results with revenue and earnings growth.

Dorman Products delivered a solid Q4 2024, with revenue increasing 8.0% year-over-year to $533.8 million. Net income was $54.5 million, and adjusted EPS grew 40% to $2.20. The Light Duty and Specialty Vehicle segments drove growth, while the Heavy Duty segment saw a decline. The company generated $71 million in operating cash flow and repaid $54 million in debt.

  • Revenue increased 8.0% year-over-year to $533.8 million.
  • Net income rose to $54.5 million, with a 10.2% net income margin.
  • Adjusted EPS grew 40% to $2.20 from $1.57 in Q4 2023.
  • Generated $71 million in operating cash flow and repaid $54 million in debt.

Headline financials

Total Revenue

$534M

Previous: $494M+8.0%
EPS (adj)

$2.20

Previous: $1.57+40.1%
Gross Margin

41.5%

Previous: 39.3%+5.6%
Operating Margin

16.3%

No prior period
Net Income Margin

10.2%

No prior period
SG&A as % of Sales

25.3%

No prior period
Adj SG&A as % of Sales

24.2%

No prior period
Operating Cash Flow

$71.4M

No prior period
D&A

$13.7M

No prior period
Capital Expenditures

$8.18M

No prior period
Net Income

$54.5M

Previous: $50.3M+8.4%
Operating Income

$86.7M

Previous: $77.2M+12.3%
Gross Profit

$222M

Previous: $194M+14.2%

Revenue & EPS history

Dorman · Revenue · Quarterly

$534M

Q4 2024+8%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Dorman expects revenue growth of 3% to 5% in 2025, with EPS between $7.00 and $7.30. Adjusted EPS is forecasted to range from $7.55 to $7.85, reflecting ongoing cost management and operational improvements.

Tailwinds

  • Projected revenue growth of 3% to 5% for 2025.
  • Expected EPS range of $7.00 to $7.30 for the full year.
  • Adjusted EPS guidance between $7.55 and $7.85.
  • Continued investments in innovation and new product development.
  • Strong balance sheet with a focus on debt reduction and cash generation.

Headwinds

  • Potential impact from macroeconomic conditions on aftermarket demand.
  • Rising SG&A expenses due to operational investments.
  • Decline in Heavy Duty segment sales in Q4 2024.
  • Potential supply chain disruptions impacting cost efficiencies.
  • Uncertainty around U.S. tariffs and trade policies affecting material costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.0%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+16.4%

Q4 2023

Best reaction

-16.6%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%+10.0%+10.5%
Q4 2025+2.0%+1.5%-8.7%
Q3 2025-9.8%-12.8%-12.6%
Q1 2025+6.6%+8.5%+10.5%
Q4 2024+3.2%+5.0%-2.7%
Q3 2024+10.4%+19.0%+20.9%
Q2 2024+1.5%+5.4%+11.9%
Q1 2024-1.8%-0.5%-2.5%
Q4 2023+16.4%+12.7%+17.8%
Q3 2023-10.1%-6.3%-1.0%
Q2 2023+4.7%+5.5%-2.6%
Q1 2023-0.7%+2.0%-4.5%
Q4 2022-2.8%-3.1%-9.6%
Q3 2022-14.8%-5.3%+4.0%
Q2 2022-12.3%-13.4%-16.5%
Q1 2022-1.8%+5.1%+4.4%
Q4 2021-3.1%-0.3%-0.1%
Q3 2021-1.7%+2.0%+18.8%
Q2 2021-3.3%-3.6%-7.2%
Q1 2021-12.0%-10.9%-9.0%
Q4 2020+9.6%+7.1%+9.0%
Q3 2020-0.2%-0.7%+5.7%
Q2 2020+8.8%+7.6%+11.7%
Q1 2020+15.5%+6.7%+20.5%
Q4 2019-16.6%-20.9%-32.2%
Q3 2019-13.0%-11.1%-10.6%
Q2 2019-13.3%-16.6%-14.1%
Q1 2019-6.3%-6.7%-13.0%
Q4 2018-8.0%-7.7%-4.6%
Q3 2018+10.6%+11.5%+24.4%
Q2 2018-2.1%-0.5%+10.2%
Q1 2018+0.6%+1.5%+0.4%
Q4 2017-3.2%-4.9%-10.9%
Q3 2017-4.4%-2.9%-3.7%
Q2 2017-4.9%-3.6%-14.9%
Q1 2017-0.7%+0.3%+1.4%
Q4 2016+7.1%+8.8%+9.7%
Q3 2016+3.2%+2.2%+17.2%
Q2 2016+8.9%+12.6%+11.3%
Q1 2016+0.9%
Q4 2015+11.5%
Q3 2015-9.2%
Q2 2015+6.8%
Q1 2015-7.4%
Q4 2014-5.4%
Q3 2014-0.1%
Q2 2014-10.2%
Q1 2014+2.3%
Q4 2013-1.0%
Q3 2013-0.3%
Q2 2013+0.4%
Q1 2013+8.5%
Q4 2011+1.9%
Q4 2012-7.2%
Q3 2012+1.3%
Q2 2012+11.6%
Q1 2011+0.1%
Q1 2012+2.4%
Q4 2009-3.0%
Q3 2010-3.4%
Q3 2011-3.4%
Q2 2010-5.3%
Q2 2011-5.3%
Q4 2010-5.3%
Q1 2010+0.5%

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